How Chinas EV market could endure higher tariffs
News Source : Marketplace.org
News Summary
- China is the world’s biggest consumer of electric cars and has dozens of automakers competing in the space
- Last year, Chinese companies sold about 9
- 5 million EVs and plug-in hybrid cars
- But the industry faces mounting trade pressures
- The Biden administration imposed a 100% tariff on Chinese EVs, which President-elect Donald Trump is expected to continue
Its fair to say China dominates in electric vehicle sales. The country is the worlds biggest consumer of electric cars and has dozens of automakers competing in the space. Last year, Chinese compan [+5699 chars]
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